Alabama PSC Backs Plan for New Gas Generation

Credit to Author: Darrell Proctor| Date: Wed, 10 Jun 2020 16:36:33 +0000

The post Alabama PSC Backs Plan for New Gas Generation appeared first on POWER Magazine.

Alabama Power’s plan to add about 2 GW of natural gas-fired power generation capacity to its portfolio was approved by the state’s Public Service Commission (PSC) on June 9. The PSC also supported the utility’s request to acquire 240 MW of gas-fired generation under a long-term power purchase agreement (PPA) that should begin this year, […]

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Moving Toward Mainstream—The Rise of Renewable Goals

Credit to Author: POWER| Date: Mon, 02 Mar 2020 05:00:00 +0000

The post Moving Toward Mainstream—The Rise of Renewable Goals appeared first on POWER Magazine.

More states are setting targets for renewable energy. Cities and counties are joining in. Utilities are formalizing commitments. And economics, as always, play a major role. The transition to clean energy

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Show Preview – Connected Plant Conference

Credit to Author: POWER| Date: Mon, 03 Feb 2020 05:32:16 +0000

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The Connected Plant Conference allows for interaction with the industry’s early adopters. Attendees will meet generators who are using the latest connected plant tools. The speaker lineup (Figure 1) provides

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State Regulators Warn of More Delays at Vogtle

Credit to Author: Darrell Proctor| Date: Mon, 25 Nov 2019 16:33:12 +0000

The post State Regulators Warn of More Delays at Vogtle appeared first on POWER Magazine.

A filing by Georgia Public Service Commission (PSC) staff and consultants on Nov. 22 said Georgia Power’s expansion of the Vogtle nuclear power plant is falling further behind schedule. The filing Friday came the same day that the utility announced the sixth and last containment ring for the two-unit expansion was set in place. The […]

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Power Sector CEOs Join Top Execs in Redefining Corporate Purpose

Credit to Author: Sonal Patel| Date: Thu, 22 Aug 2019 13:36:50 +0000

The list of 181 CEOs who earlier this week moved to publicly degrade shareholder value in a bid to redefine the “purpose of a corporation” includes several chief executives from power companies.  The Aug. 19 statement issued by the Business Roundtable, an association of CEOs “to promote a thriving U.S. economy and expanded opportunity for […]

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Trump Administration Set to Guarantee $3.7 Billion to Finish Vogtle Nuclear Expansion

Credit to Author: Darrell Proctor| Date: Wed, 20 Mar 2019 20:58:56 +0000

Energy Secretary Rick Perry will reportedly announce March 22 that the Trump administration will finalize $3.7 billion in loan guarantees to support completion of the Vogtle nuclear plant construction project. The announcement is expected when Perry visits the site near Waynesboro, Georgia, on Friday along with Georgia Gov. Brian Kemp and Southern Co. CEO Tom […]

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THE BIG PICTURE: World’s Biggest Power Companies

Credit to Author: POWER| Date: Fri, 01 Feb 2019 05:00:41 +0000

In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]

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Plagued by Grim Challenges, Vogtle Nuclear Expansion Lags Behind Schedule, Says Oversight Consultant

Credit to Author: Sonal Patel| Date: Thu, 06 Dec 2018 14:36:55 +0000

The two-unit Vogtle expansion in Georgia faces major challenges that are poised to derail its schedule and ramp up costs—and the project is already behind schedule, a consulting firm tasked with construction oversight of the project told regulators. In revealing testimony filed with the Georgia Public Service Commission’s (PSC’s) public interest advocacy staff on November […]

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Xcel Buys Minnesota Gas-Fired Plant

Xcel Energy said it will buy a natural gas-fired power plant in Minnesota from Southern Power, a subsidiary of Southern Co. The $650 million deal for the Mankato Energy Center puts Xcel in charge of a facility from which it has purchased power since the plant’s first unit came online in 2006. A second unit […]

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Fate of Vogtle Nuclear Expansion Hinges on Minority Owners

On August 8, Georgia Power announced that its revised capital and construction cost forecast for its share of the Plant Vogtle expansion project had increased from $7.3 billion to $8.4 billion, based on a revised cost-to-complete estimate from Southern Nuclear. The news was softened somewhat by Georgia Power’s declaration that significant construction progress had been […]

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